The repeated confinements imposed on Chinese metropolitan France have grown the activity, up only 0.4 % over a year in the second quarter. The spectrum of zero covid continues to weigh on confidence.
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China narrowly avoids zero pointed: in the second quarter, the country recorded growth of 0.4 % over a year. But, compared to a dynamic first quarter (+ 4.8 %), the activity fell by 2.6 %, announced the National Statistics Bureau (BNS), Friday July 15. “At the national level, the impact of the [COVVI-19] epidemic persists. A global level, the risk of stagflation increases,” said Fu Linghui, the spokesperson for the BNS. The reasons for this fall are obvious.
In the spring, dozens of major Chinese cities experienced restrictions under zero covid policy, including the main metropolises: Shenzhen, Beijing, and especially Shanghai, the country’s economic capital, which is struggling to resume a life normal after the drastic confinement of April and May. While the activity seemed to resume, June disappointed. The spectrum of a return of confinements weighs on the confidence of companies and consumers, while several small households of COVID-19 have appeared again.